Tunisia plans 1.7 GW of renewable energy projects
The Tunisian government is planning 1,700 MW of new renewable energy projects that should be implemented between 2023 and 2025 across the North African country, energy minister Naila Nouira said on Tuesday. The deployment of the green power generation capacity will require about TND 5 …
Tunisia seeks to cut fiscal deficit to 5.5% in 2023, led by economic reforms
TUNIS: Tunisia expects to reduce its fiscal deficit to 5.5 percent next year from a forecast 7.7 percent this year, driven by austerity measures that could pave the way for a final deal with the International Monetary Fund on a rescue package. The country has …
BioNTech acquires Tunisian-born and UK-based AI startup InstaDeep for £562M
German-based biotech company BioNTech SE is set to acquire InstaDeep, a Tunis-born and U.K.-based artificial intelligence (AI) startup, for up to £562 million (~$680 million) in its largest deal yet. Per Financial Times, the German vaccine maker intends to use InstaDeep’s machine learning to “improve …
The CCM calls for an urgent review of the 2023 finance law towards more comprehensive and fair reforms
The Council of Mixed Chambers “CCM” recalls that the attractiveness of territories has become in recent years a crucial issue in economic policy.For Tunisia, attracting Foreign Direct Investments (FDI) has always been a major concern in all its public and private components. Indeed, FDI contribute …
Maritime Security Agreement UK-Tunisia
Tunisia and the United Kingdom have signed an agreement on maritime security.Under this agreement, the Tunisian Office of Merchant Marine and Ports and the British Ministry of Transport will work to enhance bilateral cooperation on the safety and security of commercial ports, promote exchange of …
Latest statistics on trade and investment between Tunisia and the UK
Total trade in goods and services (exports plus imports) between the UK and Tunisia was£628 million in the four quarters to the end of Q2 2022, an increase of 55.1% or £223 millionfrom the four quarters to the end of Q2 2021. Of this £628 …
Fitch Upgrades Tunisia to ‘CCC+’; Removes From UCO
Fitch Ratings – Hong Kong – 01 Dec 2022: Fitch Ratings has upgraded Tunisia’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CCC+’ from ‘CCC’. Fitch typically does not assign Outlooks to sovereigns with a rating of ‘CCC+’ or below. Fitch has removed the Long-Term IDRs …
TBCC Participation at the 2nd Edition of the Arab-British Economic Summit in London
The Tunisian-British Chamber of Commerce carried out a business mission from November 2 to 5 in London to participate in the 2nd Edition of the Arab-British Economic Summit in London organized by the Arab-British Chamber -ABCC. This business mission recorded the participation of more than …
Council of Joint Chambers calls on Trade Ministry to reconsider recent import measures
(TAP) -The Council of Joint Chambers (CCM) called on the Ministry of Trade and Export Development to review the recent measures on imports of consumer goods. It added in a statement Thursday that the entry into force of these measures on October 17, 2022, “announced …
Rising Prices Expose Untapped Potential for Tunisian Exports
Olive oil exports by volume and value have risen in the first eight months of 2022, according to recently-published data from the National Observatory of Agriculture (Onagri). From January to August, olive oil exports increased by one percent in volume compared to the same period …